In perfect collusion， the firms are producing the joint profit-maximizing output。（ ）
举一反三
- In Bertrand Model， two firms select output of the products in order to maximize profit。（ ）
- The weak axiom of profit maximizing behavior states that in a modern mixed economy, firms have only a weak incentive to maximize profits.
- For a profit maximizing monopolist, price:
- Whichofthefollowingstatementsisnotcharacteristicofaperfectlycompetitiveindustryinlong-runequilibrium?Ceterisparibus,thereisnotendencyforfirmstoeitherenterorexittheindustry.A.A profit-maximizing firm may produce any output level at which P B.Every firm produces at an output level at which MC = LRATC.C.Ceteris paribus, there is no tendency for firms to either enter or exit the industry.D.No firm earns an economic profit.
- Firms maximize profit when